Basel pension fund ties impact investing to returns and exclusion policy
PKBS links impact investing to market returns, expanding sustainability focus to biodiversity and human rights
UK regulator targets DB, hybrid schemes over dashboards data preparedness
TPR warns DB schemes’ inaccurate value data could undermine pensions dashboards ahead of October connection deadline
Market-led narrative on climate action has hit ‘fundamental limits’
LSE researchers warn asset owners must reset climate strategies around policy, mandates and practical levers for real-world transition
People moves: CEO of PGGM to leave after nine years
Edwin Velzel has announced his departure as CEO of Dutch pension administrator and asset manager PGGM
LGPS pool hires former Brunel staff as Bristol office opens
Local Pensions Partnership Investments expands team and regional presence after onboarding six new partner funds and increasing AUM
Weak dollar drags PFZW into loss despite strong credit performance
Dutch healthcare pension fund saw climate transition mandate make a 20% loss on returns
Babcock Pensionskasse adopts defensive strategy amid solvency pressures
German pension fund de-risks portfolio, reduces alternatives and focuses on euro-denominated fixed income investments
PRI data shows asset owners tighten RI oversight of managers
Data by Principles for Responsible Investment shows asset owners are increasing scrutiny of managers and deepening RI implementation efforts
UK pension professionals call for debate on lifeboat fund surplus use
Society of Pension Professionals urges consultation on future use of Pension Protection Fund’s £14bn reserve surplus
In-house teams expand as Italian pension funds deepen alternatives exposure
Italian pension funds expand internal private markets teams as allocations rise and governance demands intensify
Asset managers rethink research budgets amid AI shift
Substantive Research data shows 736 mid-tier analysts exited the market between 2023 and 2026, contributing to a leaner sell-side structure
Run-on momentum builds as XPS unveils integrated scheme solution
Defined benefit pension funds accelerate run-on planning as XPS launches integrated solution ahead of surplus regime changes
Investors seek support for pressure on Shell climate disclosure
Major pension funds representing over €1trn in assets are pressuring Shell ahead of its AGM, following BP’s shareholder revolt over similar climate disclosure demands
UK regulator outlines six priorities in refreshed five-year strategy
TPR plans to publish the final version of its strategy in July, alongside its Corporate Plan
Asset owner diversity initiative builds data platform to boost industry action
New platform to offer Asset Owner Diversity Charter signatories opportunity to act on diversity data ‘with new rigour’
Swisscanto private equity funds attract CHF319m from pension investors
Domestic pension investors drive fundraising momentum across Swisscanto’s private equity and decarbonisation strategies
Irish watchdog warns trustees over governance failings ahead of authorisation regime
Trustees face stricter governance, resilience and conflict management standards under Ireland’s forthcoming authorisation regime
Hermes pushes back against wind farm claim in high court defence
The asset manager says unforeseen Swedish power market disruption, not mismanagement, drove losses in North East Scotland Pension Fund wind investment
Italy’s pension fund regulator rebuked for ‘overly prescriptive’ investment rules
Italian pension experts warn Covip’s proposed auto-enrolment investment rules risk limiting board autonomy and flexibility
EU outlines plan for new sustainability reporting standards
The European Commission has unveiled its plan for the next iteration of ESRS and opened it up for feedback until 3 June
Investor groups split over future of Shareholder Rights Directive
Debate intensifies over EU shareholder rules, with conflicting views on stewardship, proxy advisers and disclosure
UK SDR label imbalance could curb pension scheme use, FCA acknowledges
The UK regulator says it is committed to working with the industry to understand why more fixed income managers or funds are not seeking a label
Swiss pension funds rebalance gold, aggregate bond exposure
Gold is losing its defensive edge as volatility rises, prompting portfolio rebalancing across Swiss pension schemes
People moves: Lothian Pension Fund names financial chief
Plus: L&G appoints CIO for institutional retirement business; SEI adds duo to its master trust board of directors
NBIM tells Brussels Europe’s shareholder voting chain is not working
Norway’s SWF manager laments ‘fragmented system that undermines effective shareholder voting’ and makes it harder to support companies
Valuations increasingly become ‘strategic tool’ in UK endgame planning
Analysis from the UK’s pensions regulator shows aggregate funding reached 124% as at 31 December 2025
Dutch transport fund lifts US equity allocation despite peer retreat
Vervoer increases US equities, defying peers while reviewing active strategies after prolonged underperformance
Global diversification rises as Swiss pension funds temper home bias
Swiss pension funds expand global equity exposure while maintaining stable domestic allocations despite concentration concerns and performance gap
NBIM’s Tangen warns lawmakers of SWF’s unprecedented big tech concentration
AI development going faster ‘than seen before’, says NBIM CEO, as finance minister points to ‘great risk’ of concentration
EU parliament outlines initial thinking on SFDR overhaul
Draft report shows broad support for the European Commission’s plan to turn SFDR into a labelling regime
German dental pension fund faces legal claims amid restructuring disputes
Damage claims emerge from hotel and asset manager investments, deepening scrutiny of VZB’s strategy
Bakkavor pension fund completes £160m buy-in with Rothesay
The transaction secures the pension benefits for all 2,216 pension fund members
Border to Coast tightens definition of engagement
At IPE’s recent Transition conference, Colin Baines said new definition requires a ‘point of difference’ with a company and an effort to ‘either change behaviour or secure new disclosures’
Inarcassa pulls €500m from US equities in portfolio rebalancing
Italian pension funds see Q1 volatility weigh down returns, with sub-funds for Cometa and Pegaso returning negatively
Pension fund investment boosts innovation at Danish unlisted firms, CBS study shows
‘If you impose overly strict limits on how pension assets can be invested, you may restrict the financing of innovative companies,’ professor says
Pension reform drive gathers pace as Bill receives Royal Assent
Bill becomes law after long parliamentary battle, with key powers scaled back and implementation now crucial
ESG exclusions depress ABP returns
The Dutch civil service scheme’s newly developed markets equity index strategy returned 1.7 percentage points less than the global benchmark
UK regulator targets funded reinsurance with tougher insurer capital rules
Prudential Regulation Authority raises capital requirements for funded reinsurance, aiming to curb risk and strengthen insurer resilience
PFA urges strong oversight of defence as sector gains ground in portfolios
ESG investing in defence is about robust frameworks rather than ‘pretending defence is a clean industry’, says PFA investment officer
PensionsEurope ‘remains positive’ about EU Commission recommendations
The recommendations are a non-binding, non-legislative part of the Commission’s supplementary pensions package from November
People moves: Former London CIV head joins JPES
Rob Treich, former head of public markets at the investment pool London CIV, has joined JPES as a consultant
‘Mandation-lite’ framework remains as Pension Schemes Bill debate concludes
Final UK parliamentary agreement clears Pension Schemes Bill for Royal Assent after last-minute concessions on investment reserve powers
DC consolidation raises fears over loss of governance voice, LCP warns
LCP warns DC consolidation concentrates pension power, risking weaker governance, reduced accountability and stakeholder influence
Mercer helps German corporates reshape pensions with buyout focus
The consultancy is advising German corporates on pension redesigns, CTAs and buyout pathways amid rising de-risking activity
Local Government Pension Schemes back Schroders Capital UK venture LTAF
Lambeth pension fund allocation drives Schroders Capital LTAF past £100m, signalling momentum for DC venture access
Praise for EU Scale-Up Fund initiative given bloc’s late-stage equity funding gap
€100m+ rounds of equity capital remain structurally hard in Europe, according to the director of trade body Clean Tech Europe
Alecta off the hook after ITP panel opts not to cancel major mandate
Swedish occupational pensions giant finally receives confirmation worst potential outcome of 2023 crisis avoided
Border to Coast launches just transition overlay
‘First of its kind’ overlay captures how LGPS pool integrates social dimensions of energy transition into its investment and stewardship activities
Reform in Austria opens door to €17.7bn pension fund inflows
Austria’s proposed reform could drive €17.7bn into pension funds, reshaping investment strategies and member choices
Siemens Pensionskasse targets direct lending to capture illiquidity premium
The Swiss pension fund refined its investment strategy and improved its risk/return profile following an ALM
